Coveo Solutions Inc. (TSE:CVO – Get Free Report) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is C$11.71.
A number of brokerages have recently commented on CVO. Scotiabank lowered their price objective on Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. BMO Capital Markets lowered their price objective on Coveo Solutions from C$12.50 to C$10.50 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Eight Capital lowered their price objective on Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Royal Bank of Canada lowered their price objective on Coveo Solutions from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Finally, Stifel Nicolaus lowered their price objective on Coveo Solutions from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th.
Read Our Latest Research Report on Coveo Solutions
Coveo Solutions Stock Down 18.5 %
Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings results on Monday, June 3rd. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.03). Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. The firm had revenue of C$41.44 million for the quarter, compared to analysts’ expectations of C$44.79 million. Equities research analysts forecast that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.
Coveo Solutions Company Profile
Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.
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